Showing posts with label commerce. Show all posts
Showing posts with label commerce. Show all posts
Wednesday, May 24, 2017
Govt grants 100 per cent FDI in Online E commerce Market place
Govt grants 100 per cent FDI in Online E commerce Market place
In a move that is required to help Foreign Investments in the e-commerce space, the government on Tuesday elucidated its position on foreign investment in e-commerce and allowed 100 per cent FDI in the marketplace configuration of e-commerce retailing under the automatic course.
While FDI has not been allowed in stock based model of e-commerce, the government extended the meaning of marketplace to incorporate bolster administrations to sellers as for warehousing, logistics, order satisfaction, call center, payment accumulation and different administrations.
In spite of the fact that the elucidation comes without clear FDI guidelines on different online retail models, the online marketplaces in India have as of now seen substantial outside ventures by a few worldwide players, (for example, Amazon) and into homegrown players, (for example, Flipkart and Snapdeal) who are working in the space.
To bring clarity, the DIPP has additionally turned out with the meaning of e-commerce, stock based model and marketplace model.
Marketplace model of e-commerce implies giving of an IT stage by an e-commerce element on a digital and electronic system to go about as a facilitator in the middle of buyer and seller.
The stock based model of e-commerce implies an e-commerce movement where stock of merchandise and administrations is possessed by e-commerce element and is sold to shoppers specifically, as indicated by the guidelines.
A marketplace substance will be allowed to go into exchanges with sellers enlisted on its stage on business-to-business premise, DIPP said.
It said that an e-commerce firm, notwithstanding, wont be allowed to offer more than 25% of the deals influenced through its marketplace from one vendor or their gathering companies.
"So as to give clarity to the surviving strategy, guidelines for FDI on e-commerce part have been planned," DIPP said.
The government has as of now permitted 100% FDI in business-to-business (B2B) e-commerce.
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Friday, April 14, 2017
India Post planning to Launch its Own E Commerce Marketplace
India Post planning to Launch its Own E Commerce Marketplace
In a report by ET John Samuel, a part of Postal Services Board, said that India Post will be launching an Amazon and ebay like online store, which would be an overseen marketplace with solid look out for of who can sell and who can not. An accentuation would be made on selling of indigenous items like Darjeeling Tea, Kashmiri Saffron and so forth.
"In one hand we have Rs 4909 crore worth the trouble related foundation modernization plan and then again, we are spending an alternate Rs 2000 crore to have new vehicles to guarantee speedier conveyance." said Samuel.
This is the second Government pursue body IRCTC to venture into e-business. IRCTC had launched its portal in organization with Yebhi, however that didnt work out and Yebhi itself transformed its plan of action in 2014. India Post accompanies an involvement in taking care of e-trade logistics, additionally it had gotten into a Mou with organizations like Snapdeal, Amazon and Shopclues to drive this specific portion. Will this new arm make a clash of enthusiasm with portals managing in the same space?
This Government body could leverage the brand it has assembled among the consumers, in-street into provincial populace, the prepared supply chain base it has furthermore its experience assuming a part as a budgetary body to deal with the payments. Albeit this looks cheerful, one can sit tight for a couple of months more to perceive how does this picture really ends up being.
Albeit this looks confident, one can sit tight for a couple of months more to perceive how does this picture really ends up being.
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Monday, April 3, 2017
Aditya Birla Group Plans to Enter into the Indian E commerce Space
Aditya Birla Group Plans to Enter into the Indian E commerce Space
As Bloomberg reported, He declined to uncover more insights about his e-commerce plans be that as it may, the group is taking a gander at numerous business verticals rather than concentrates on a particular one.
"Theres a considerable measure of ground for new ventures in e-commerce," he said. "I am not saying that we can take an Amazon head-on. However there are a ton of green spaces." Birla joins the association of disconnected from the net business tycoons like Ratan Tata and Mukesh Ambani, who are discovering the online pastures green.
Birla is additionally searching for speculators in his current blocks and-mortar retail businesses, which incorporate the "More" chain of supermarkets and Pantaloons attire stores, which was prior under Future Group. He said, "E-tailing is the path forward, It reflects the new India. Its about new lifestyles, new spending examples, its about new family structures. Whats more we need to be in that space."
Snapdeal as of late raised USD 1 billion in the not so distant future from ebay, Ratan Tata and Azim Premji; Japanese enterprise Soft Bank had likewise invested USD 627 million in the organization.
Amazon plans to use USD 2 billion for amplifying its Indian operations. Flipkart, an adversary of both Snapdeal and Amazon, shut USD 1 billion headed by Tiger Global, DST and Accel Partners.
An alternate logged off retailer, Kishore Biyani, additionally has been in news of late around talking transparently the deficiencies of existing online retailers. Also his organization, Future Group, as of late declared a partnership with Amazon India, through which it will solely offer its attire online.
Whats more his organization, Future Group, as of late declared a partnership with Amazon India, through which it will solely offer its attire online.
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